I'm a noob, but is it possible for everyone to make a profit, or must there always be losers?
Not everyone did best and that is why others will fail. The real thing that may happen in crypto trading is that someone will suffer losses while the others will win. If we feel that we are not happy with the results, think also the reason that causes such negatives and you'll find the solution that could help to fix it otherwise, you'll still be a loser until the end. 
Topic: Reasons for traders to look at! - page 5. (Read 1220 times)
I think the most important thing to become a trader is to control your emotions.
It's actually conclude those 4 points on that article, emotion is the hardest thing to handle when it comes to trading because when you are falling to your emotions then it could lead you to greediness and make stuff worse.I'm a noob, but is it possible for everyone to make a profit, or must there always be losers?
There is a day that you will be a loser and later you can be a winner, just don't overthink about that stuff.Number 2 doesn't really matter too much in crypto trading... I don't know for others though.
That is why it said for Forex dude. Too much confident will also have a negative impact on our decision.
I know this, I know that and I know everything...that is the attitude of being an overly confident person and never listen to others. We know that fact that no one is perfect, and what it makes wrong to this is that you can't find useful ideas that may help for the betterment of our trading strategy.
I know this, I know that and I know everything...that is the attitude of being an overly confident person and never listen to others. We know that fact that no one is perfect, and what it makes wrong to this is that you can't find useful ideas that may help for the betterment of our trading strategy.
the key is that if we already get a profit target, don't be greedy to be able to get a bigger profit, which will lead to excessive confidence and of course it can affect our emotional control in trading.
I'm a noob, but is it possible for everyone to make a profit, or must there always be losers?
I get that forex is kinda like crypto but also crypto is a lot like many things, it also looks a bit like stock market when you look at it in a certain way, it is a lot like commodities such as gold and silver in many ways, so it is right that if you look at forex traders and crypto traders there are a lot of common stuff and I am not disagreeing with that, however there are plenty of other stuff traders look like as well.
On that note, over confidence is not something you can fix by reading some article, if you are a snub person that thinks he knows everything there is to know and have that kind of mind set, you will eventually lose a lot of money, sure maybe that confidence came because you made a ton of profit once up to a time but eventually you will lose it all.
On that note, over confidence is not something you can fix by reading some article, if you are a snub person that thinks he knows everything there is to know and have that kind of mind set, you will eventually lose a lot of money, sure maybe that confidence came because you made a ton of profit once up to a time but eventually you will lose it all.
Too much confident will also have a negative impact on our decision.
I know this, I know that and I know everything...that is the attitude of being an overly confident person and never listen to others. We know that fact that no one is perfect, and what it makes wrong to this is that you can't find useful ideas that may help for the betterment of our trading strategy.
I know this, I know that and I know everything...that is the attitude of being an overly confident person and never listen to others. We know that fact that no one is perfect, and what it makes wrong to this is that you can't find useful ideas that may help for the betterment of our trading strategy.
Inadequate capitalization is good to point, we can't buy a Lambo with few hundred dollars so we should aim to multiply the amounts befoe going for bigger profit margin in terms of USD so any trader has to set percentage of margin to achieve in certain time frame and try to achieve rather than having a fixed amount of value.
this is not going to turn you into a professional overnight, but strictly following these are ways you could begin the long journey to the destination you want to reach.
Strictly following is the actual catch of every guidelines. Not just with this forum or around the internet in videos and step by step procedures, lots tutorials are available but most traders are sharing about their failures rather than story of reaching their destination. I guess no reasoning will be effective until traders learn their lessons by heart; it means experience must be a biggest guidelines for any trader to turn professional still how much it costs is the challenge here. Some traders learn their lessons in demo for free of cost too.No matter what you do and what you read, you need to understand how you apply everything you have learned in a disciplined manner
Making use of your knowledge at required time will be possible only with experience. This is the reason even skilled traders may book losses due to market frustrations. Yes, market will not allow you to think and find an exact decision whereas it will enforce you to do a quicker one which may not be the same that you will do take in calm mindset.
Keeping up with the news could be the best thing you could do.
Where else could you get an accurate one? Here in this forum.
Users share all the news they could get from different articles and it could be your foundation into making a good trade.
Dumps and pumps could start with it when you see people following one article and believing all of the statements the person created.
There might be some who create lies but it could also mean something in the market when it works.
Where else could you get an accurate one? Here in this forum.
Users share all the news they could get from different articles and it could be your foundation into making a good trade.
Dumps and pumps could start with it when you see people following one article and believing all of the statements the person created.
There might be some who create lies but it could also mean something in the market when it works.
Number 2 doesn't really matter too much in crypto trading... I don't know for others though.
Actually the amount of the capital is what matters the most and is prerequisite to the trader's knowledge.In Crypto trading, you can start trading with small amounts of money and still make reasonable profits...though it will be smaller profits compared to trading with large amounts. Besides, newbies are normally advised to trade what they can afford to lose.
Yes everyone can start with small amount, but does it level their knowledge about trading? if you are trading for a long time would you still risk at a very chance?What newbies in trading has a problem is with their expectation inversely proportional to their capital, like they are expecting a huge profit out of low capital.
" It takes money to make money"
I think greed and boosted is the same because these are both urging you to trade more and more without thinking. You should need to think first even if you're on fire trading a certain amount of money. You don't need to rush because the more you rush, the more you will lose.
Always remember that greed is a bad thing in trading. Controlling emotions and self-discipline is very basic or fundamental when it comes to trading.
Always remember that greed is a bad thing in trading. Controlling emotions and self-discipline is very basic or fundamental when it comes to trading.
They have different meanings, but both lead to the same result, which is over trading. In the end, anything that is negatively affects the state of mind of a trader, whether it be greed or something else, could potentially lead to over trading. Trade what you can lose, and always try to tell yourself that anything you've started to trade, it isn't yours anymore, at least for a certain period of time. Not only that, anything you trade doesn't shouldn't necessarily bring profit, but minimum trade should be you breaking even instead.
No matter what you do and what you read, you need to understand how you apply everything you have learned in a disciplined manner because no matter what you do, you have to experience all the hardships and losses to understand the need for that disciplined manner. All I know is the continuous learning needed to have a great experience in trading, or should I say consistency.
Number 2 doesn't really matter too much in crypto trading... I don't know for others though.
In Crypto trading, you can start trading with small amounts of money and still make reasonable profits...though it will be smaller profits compared to trading with large amounts. Besides, newbies are normally advised to trade what they can afford to lose.
In Crypto trading, you can start trading with small amounts of money and still make reasonable profits...though it will be smaller profits compared to trading with large amounts. Besides, newbies are normally advised to trade what they can afford to lose.
I think the first thing you need to learn is how to control your risk. Know exactly how much money you can lose on a trade before you ever place it. have stop loss orders in place. most commonly, people lose money due to this point because they hold out losses, thinking they will recover and end up losing more, while most people usually cut profits too soon and don't stick with their strategy and trust their DD, giving up greater potential gains.
Overconfident and greedy are very common mistakes for new traders, including me. Back when I used to make like $100 USD daily with $500 USD as a capital, it got me greedy and felt overconfident with the market. Then, when the market condition changed, I started to lose, and lose more over weeks and after that I realized, I have made a big mistake.
Well, now is very hard to trade even for experts I am sure. But there are always possibilities to learn trading in the current condition. So, keep learning from the mistake and do things right after all.
Well, now is very hard to trade even for experts I am sure. But there are always possibilities to learn trading in the current condition. So, keep learning from the mistake and do things right after all.
I think the most important thing to become a trader is to control your emotions. Many new traders often let their emotions overwhelm and they often make the wrong decisions. If you have negative thoughts while trading, it is best to stop and resolve those emotions before returning to your trade.
But I think emotion is not even the primary thing. What I think every trader should do or know is to have and believe in their strategy. After that strategy, then emotion can make you a good trader because you understand when to trade (I mean making a call order) or not because of the strategy you already built.
If you have negative thoughts while trading, it is best to stop and resolve those emotions before returning to your trade.
Easier said than done. In a market like crypto that's active 24/7 there isn't really a moment to step back and get yourself together. Traders want to utilize every bit of the time they're awake looking for opportunities to trade. Not trading means missing out on potentially very lucrative opportunities. It's not like the legacy markets where you can take a (forced) break in the evening and weekends.
Crypto is brutally time consuming. Something that I have had to learn the hard way myself, hence the reason I no longer day trade. I used to trade spot without leverage, can you imagine how more stressful it is for those who are day trading with leverage all day due to the increased risk of getting liquidated? Nothing to like about it.
I think the most important thing to become a trader is to control your emotions. Many new traders often let their emotions overwhelm and they often make the wrong decisions. If you have negative thoughts while trading, it is best to stop and resolve those emotions before returning to your trade.
But when you are in real trading controlling your emotion is so hard to do there will always time that greed will control your emotion but if you manage to control your emotion, I'm sure your trading flow will change because your risk management will be more flexible to make a good decision.
When we talk about trading whether it’s Forex or Crypto, there are some very common reasons why people tend to struggle.
So that’s take a quick look at what those reasons could possibly be at https://www.qatarday.com/blog/information/4-reasons-why-youre-not-making-money-with-your-forex-trades/69233
Although, this is not going to turn you into a professional overnight, but strictly following these are ways you could begin the long journey to the destination you want to reach.
Lets just point out on whats being mentioned on the article.So that’s take a quick look at what those reasons could possibly be at https://www.qatarday.com/blog/information/4-reasons-why-youre-not-making-money-with-your-forex-trades/69233
Although, this is not going to turn you into a professional overnight, but strictly following these are ways you could begin the long journey to the destination you want to reach.
=Overtrading from being overly confident
=Inadequate capitalization
=Not adapting to market conditions
=Being motivated by greed
I highly agree with these points and one thing which is important to avoid is that on that #4
yet any actions driven or motivated by greed will really result into a disaster.
On that number 4, I think we should used our logical thinking here and not to be carried by our greed. Number 1 though, I must say that I'm guilty as well, being confident that I wouldn't lost in this market, so it's a hard lesson.
Number 2? I guess we can start with small capital and try to get it multiply over time. I believed most of us did that, We begin with small capital we earn here (sig campaigns, bounty hunting) and used that as a stepping stone. Then we trade our earnings, and make the best out of it.
Because being too confident is not always good in all aspects. It can bring you to failure for rushing something that you shouldn't. Remember, always take things slowly because they say that "Slowly but Surely".
Market capitalization is a natural thing, you will make your money grow from smaller to big amount of profits. After that we always enjoy wise trading that will also help us to have profits.
Loss are the effect of greed and rushing things. You should take your actions with a correct thinking and mind manipulation for you to know the next actions that you must do in the market
I may consider greediness as a tool to encourage people but somehow it is also a reason for our fall. This simply means that we know also to be satisfied with a small amount and accept what only got. Greediness could sometimes lead to illegalities and yes, it often to happen in some local businesses. We've been run through this kind of behavior but we should have to control it.
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